Bitcoin surged to nearly $112K on strong economic data but quickly dropped after Trump announced 50% tariffs on the EU, increasing global risk. The price is showing a bearish reversal near major resistance (109.8K–112K), suggesting a potential false breakout. If resistance holds, BTC may range between 105K–110K. A confirmed breakout above ATH could signal new growth.
The Bank of Russia's decision to allow qualified investors access to crypto derivatives may boost institutional confidence in digital assets. This regulatory step adds legitimacy to Bitcoin, potentially increasing demand despite global uncertainties. If capital inflows from Russia rise, it could cushion BTC from external shocks like tariffs or geopolitical tensions.
On the bigger picture, we could see an historical correction to the $76k area.
The Bank of Russia's decision to allow qualified investors access to crypto derivatives may boost institutional confidence in digital assets. This regulatory step adds legitimacy to Bitcoin, potentially increasing demand despite global uncertainties. If capital inflows from Russia rise, it could cushion BTC from external shocks like tariffs or geopolitical tensions.
On the bigger picture, we could see an historical correction to the $76k area.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.